Gold Is on Fire: Why the Yellow Metal Is Crushing 18-Year Records
The buyback plan pushed investors toward scarce assets as gold rose 14% in August and bitcoin gained more than 20% since Aug. 19.
9 Articles
9 Articles
The Bond Market’s Supply and Demand Problem
The U.S. Treasury Department building is seen on July 1, 2026 in Washington, DC. —Kevin Carter—Getty ImagesRecently, three events related to the U.S. Treasury bond markets have drawn public attention. For one, Japan sold some of its U.S. Treasury holdings to support the yen, and Treasury Secretary Scott Bessent intervened in the currency/debt markets to negate some of the resulting market pressures. Second, U.S. bond yields, especially at the lo…
The debasement trade is back as gold and bitcoin surge and the dollar slides
Alexander Manzyuk/Anadolu/Getty ImagesThe so-called debasement trade is back as investors pile into scarce assets like gold and bitcoin, and dump the dollar.Treasury's surprise bond-buyback plan has renewed focus on US debt, persistent deficits, and inflation fears.Sign up for First Trade, Business Insider's daily markets newsletter.To the novice eye, it may seem like markets are dull right now. And, to be fair, action in stocks has been tame in…
Gold Remains Over $4,600 as Treasury Buybacks Spark Dollar-Debasement Trade
NEW YORK, August 27, 2026, 13:38 (EDT) Spot gold increased by 0.4% to $4,609.97 per ounce on Thursday. December U.S. futures rose 0.2% to $4,664.40. The Treasury plans to increase long-end buyback operations to a minimum of $4 billion, at least doubling the amount. Global gold ETFs saw $3 billion in inflows in July. Gold…
Bessent's Bond Market Intervention Juices Debasement Trade, Boosts Gold
Bessent's Bond Market Intervention Juices Debasement Trade, Boosts Gold Instead of stabilizing the bond market and pushing long-term Treasury rates lower, the move appears to have juiced the debasement trade. Mike Maharrey Thu, 08/27/2026
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